Assuming BCC uses the percentage-of-completion method of revenue recognition, the gross profit recognized in 2008 would be (rounded to the nearest thousand) :
A) $33,000.
B) $36,000.
C) $69,000.
D) $30,000.$180,000/($180,000 + 200,000) = 47.37% complete 47.37% ($450,000 180,000 200,000) = $33,159 or $33,000 rounded.
Correct Answer:
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